This property looks like a bad Airbnb investment with a projected -18.07% first-year return on $97,968 initial cash invested.
-18.07%
Cash On Cash
1.83%
Cap Rate
0.3
DSCR
$2,230
Rent
-$1,475
Cashflow
Cash Flow
$2,230 income − $3,705 expenses = $1,475 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,968
Downpayment
20%
$76,160
Closing costs
1%
$3,808
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,230
Total Expenses
$3,705
Mortgage P&I
88%
$1,968
Property Taxes
24%
$527
Home Insurance
6%
$140
HOA
0%
$0
Property Management
15%
$334
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$558